OTCQX:BALMF - Post by User
Post by
FastFFon Mar 27, 2018 11:49am
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Post# 27787291
WAAAY OVERSOLD
WAAAY OVERSOLDThis Resource is only a small piece of the property. Just a starter. Take a couple deep breaths and read this from the NR:
"Over 93% of the estimated initial resource is contained within the upper 350 metres of the system. Expansion drilling below this level has begun and is currently anticipated to continue through the balance of 2018. Balmoral’s drilling has confirmed that the Bug Gold Deposit continues to over 650 metres vertical depth, and is open below that, providing a clear path for near-term resource expansion. The present estimate does not include the recently discovered Bug NW Extension or several other promising recent gold discoveries on the property which all provide additional avenues for further expansion of one of the Abitibi’s newest gold systems."